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Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 $4,851,960 Year 2 $4,730.870 Year 3 $5,084,860 Sales Year 4 $5.570.080 Year 5 $5,787.230 $ S $ Cash Accounts receivable, net Inventory Total current assets 82.738 401,239 812.584 $ 107.317 433, 134 885.748 $ 100.522 437.417 826.980 90.377 514.751 895.488 81.430 566,165 896.151 $1,296,541 $1,406,107 $1,384.910 $1,500,614 $1,543.746 Current liabilities $ 309.148 $ 339,360 $ 333.124 $ 336.338 $ 401,218 Required: 1. Express all of the asset. liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 96 96 96 96 96 Sales Current assets: Cash Accounts receivable Inventory Total current assets Current liabilities
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